Willis Lease Finance Corp. Announces 2024 Annual Meeting of Stockholders
Ticker: WLFC · Form: DEF 14A · Filed: Apr 19, 2024 · CIK: 1018164
| Field | Detail |
|---|---|
| Company | Willis Lease Finance Corp (WLFC) |
| Form Type | DEF 14A |
| Filed Date | Apr 19, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01, $25,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Annual Meeting, Proxy Statement, Director Election, Corporate Governance, Independent Auditor
TL;DR
<b>Willis Lease Finance Corporation will hold its 2024 Annual Meeting virtually on May 22, 2024, to elect directors, approve charter amendments, and ratify auditor appointment.</b>
AI Summary
WILLIS LEASE FINANCE CORP (WLFC) filed a Proxy Statement (DEF 14A) with the SEC on April 19, 2024. Annual Meeting to be held virtually on May 22, 2024, at 11:00 a.m. ET. Stockholders will vote on the election of two Class II Directors: Colm Barrington and Austin C. Willis. Proposal to amend the Certificate of Incorporation for officer exculpation. Advisory vote to ratify Grant Thornton LLP as independent auditor for FY 2024. Record date for determining stockholders entitled to vote is April 5, 2024.
Why It Matters
For investors and stakeholders tracking WILLIS LEASE FINANCE CORP, this filing contains several important signals. The virtual format allows stockholders to participate remotely, submit questions, and vote. Key proposals include director elections and an amendment for officer exculpation, impacting corporate governance.
Risk Assessment
Risk Level: low — WILLIS LEASE FINANCE CORP shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting with standard proposals, indicating no immediate significant risks.
Analyst Insight
Stockholders should review the proposals regarding director elections and charter amendments before the May 22nd meeting.
Key Numbers
- 2 — Directors to be elected (Class II Directors)
- 2027 — Director Term End (until the 2027 Annual Meeting of Stockholders)
- 2024 — Fiscal Year End (for fiscal year ending December 31, 2024)
Key Players & Entities
- Willis Lease Finance Corporation (company) — Registrant
- Colm Barrington (person) — Nominated Director
- Austin C. Willis (person) — Nominated Director
- Grant Thornton LLP (company) — Independent registered public accounting firm
- May 22, 2024 (date) — Annual Meeting date
- April 5, 2024 (date) — Record date
FAQ
When did WILLIS LEASE FINANCE CORP file this DEF 14A?
WILLIS LEASE FINANCE CORP filed this Proxy Statement (DEF 14A) with the SEC on April 19, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by WILLIS LEASE FINANCE CORP (WLFC).
Where can I read the original DEF 14A filing from WILLIS LEASE FINANCE CORP?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by WILLIS LEASE FINANCE CORP.
What are the key takeaways from WILLIS LEASE FINANCE CORP's DEF 14A?
WILLIS LEASE FINANCE CORP filed this DEF 14A on April 19, 2024. Key takeaways: Annual Meeting to be held virtually on May 22, 2024, at 11:00 a.m. ET.. Stockholders will vote on the election of two Class II Directors: Colm Barrington and Austin C. Willis.. Proposal to amend the Certificate of Incorporation for officer exculpation..
Is WILLIS LEASE FINANCE CORP a risky investment based on this filing?
Based on this DEF 14A, WILLIS LEASE FINANCE CORP presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting with standard proposals, indicating no immediate significant risks.
What should investors do after reading WILLIS LEASE FINANCE CORP's DEF 14A?
Stockholders should review the proposals regarding director elections and charter amendments before the May 22nd meeting. The overall sentiment from this filing is neutral.
How does WILLIS LEASE FINANCE CORP compare to its industry peers?
Willis Lease Finance Corporation operates in the wholesale machinery and equipment sector.
Are there regulatory concerns for WILLIS LEASE FINANCE CORP?
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.
Industry Context
Willis Lease Finance Corporation operates in the wholesale machinery and equipment sector.
Regulatory Implications
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.
What Investors Should Do
- Review the nominees for Class II Director positions.
- Understand the proposed amendment to the Certificate of Incorporation regarding officer exculpation.
- Consider the ratification of Grant Thornton LLP as the independent auditor.
Key Dates
- 2024-05-22: 2024 Annual Meeting of Stockholders — Virtual meeting to elect directors, approve charter amendments, and ratify auditor.
- 2024-04-05: Record Date — Determines stockholders eligible to vote at the Annual Meeting.
Year-Over-Year Comparison
This is the initial filing for the 2024 Annual Meeting, providing details on upcoming proposals and meeting logistics.
Filing Stats: 4,625 words · 19 min read · ~15 pages · Grade level 13.8 · Accepted 2024-04-19 16:30:07
Key Financial Figures
- $0.01 — e had 7,084,448 shares of common stock, $0.01 par value, issued and outstanding. All
- $25,000 — n estimated cost to us of approximately $25,000 plus out-of-pocket expenses. In addit
Filing Documents
- wlfc_def_14a_2024.htm (DEF 14A) — 937KB
- img122538440_0.jpg (GRAPHIC) — 112KB
- img122538440_1.jpg (GRAPHIC) — 103KB
- img122538440_2.jpg (GRAPHIC) — 419KB
- img122538440_3.jpg (GRAPHIC) — 378KB
- img122538440_4.jpg (GRAPHIC) — 88KB
- img122538440_5.jpg (GRAPHIC) — 132KB
- img122538440_6.jpg (GRAPHIC) — 70KB
- 0000950170-24-046038.txt ( ) — 2649KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 13
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 15 REPORT OF THE AUDIT COMMITTEE 23 PROPOSAL 2: APPROVAL OF AMENDMENT TO AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO PROVIDE FOR OFFICER EXCULPATION 24 PROPOSAL 3: ADVISORY VOTE ON THE APPOINTMENT OF GRANT THORNTON LLP 25 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 26 DELINQUENT SECTION 16(A) REPORTS 27 STOCKHOLDER PROPOSALS 27 STOCKHOLDERS SHARING THE SAME LAST NAME AND ADDRESS 27 OTHER MATTERS 28 2024 WLFC Proxy Statement 1 SOLICITATION AN D VOTING OF PROXIES General This proxy statement is furnished in connection with the solicitation by the Board of Directors (also referred to as the “Board”, “Directors” or, individually, “Director”) of WILLIS LEASE FINANCE CORPORATION (“we,” “us,” “our,” “Willis Lease” or the “Company”) for proxies to be voted at our 2024 Annual Meeting of Stockholders (the “Annual Meeting”), which will be held virtually via live webcast at 11:00 a.m., Eastern Time, on Wednesday, May 22, 2024. Register prior to the Annual Meeting, or at any adjournments or postponements thereof, for the purposes set forth in the accompanying Notice of Annual Meeting, at www.proxydocs.com/WLFC using your unique 12- digit or 16-digit control number included on your proxy card or on the instructions that accompany your proxy materials. You will be able to attend the Annual Meeting by following the instructions that will be emailed to you upon completion of such registration. This proxy statement is being mailed to stockholders on or about April 19, 2024. Our 2023 Annual Report is being mailed to stockholders concurrently with this proxy statement. Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to be held on May 22, 2024: The Proxy Statement, Proxy Card and the Annual Report on Form 10-K for the fiscal year ended Dece